Glacier Bancorp posted Q2 net income of USD 97.9 million, up 19% from Q1 and up 85% from a year earlier; diluted EPS rose 19% to USD 0.75.
Net interest income climbed 3% from Q1 to USD 276.4 million, up 33% year over year as net interest margin widened 10 basis points to 3.9%.
Non-interest expense fell 7% from Q1 to USD 186.7 million, lifting the efficiency ratio to 56.65% from 63.05%.
Loans increased 6% annualized from Q1 to USD 21.36 billion while total deposits edged down 35 basis points to USD 24.65 billion.
Management cited record net income, a 10th straight quarter of net interest margin expansion, and solid loan growth; a quarterly dividend of USD 0.33 was declared.
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